Since the beginning of January 2021, the price has been following an interesting , breaking through the at about 0.89300, getting many rejections on the at about 0.88100.
It is currently re-testing the same level and the next price action around that zone will be essential to understand the next market movement.
The price seems to be not strong enough to break the current .
I'm confident to see it getting one more rejection, moving up with a impulse until the next at about 0.89200.
I'll be waiting for the breakout of its channel before planning my long position on this trade.
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